Headline September Durable Goods Come In WAY Ahead Of Expectations

This was a very split report:

The headline number is 3.3%, so that’s good.

But excluding transport the number was down 0.8%, so that’s not so hot. Expectations were for growth of 0.2%.

aeroplane sales were a major drive of the headline number.

Stocks are basically unchanged since before the report.

One interesting thing is that August was revised up across the board:

Revised seasonally adjusted August figures for all manufacturing industries were: new orders, $410.3 billion (revised from $408.9 billion); shipments, $415.8 billion (revised from $415.1 billion); unfilled orders, $805.3 billion (revised from $804.0 billion); and total inventories, $526.9 billion (revised from $526.4 billion).

The full announcement can be found here.

Background: Analysts are looking for September durable goods orders to grow by 1.8%. However, ex-auto the number is expected to be just 0.2%.

Last month, ex-auto durable goods grew by 2%, which was well ahead of expectations.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Tagged In

economy moneygame-us